Freeport-McMoRan
Sign in to saveFreeport-McMoRan Inc., often called Freeport, is an American mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona. The company is the world's largest producer of molybdenum, a major copper producer and operates the world's largest gold mine, the Grasberg mine in Papua, Indonesia.
Key facts
- Company.name
- Freeport-McMoRan Inc.
- Company.logo
- File:Freeport McMoRan.svg
- Company.type
- Public
- Company.industry
- Metals and Mining
- Company.hq_location_city
- Phoenix, Arizona
- Company.hq_location_country
- U.S.
- Company.founder
- Eric Pierson Swenson, et al
- Company.area_served
- Worldwide
- Company.revenue
- (2024)
- Company.operating_income
- (2024)
- Company.net_income
- (2024)
- Company.assets
- (2024)
- Company.equity
- (2024)
- Company.num_employees
- 28,500 (2024)
via Wikipedia infobox
Article
39 sectionsContents
- History
- Freeport Texas Company
- 1928–1931 shareholder proxy fight
- 1930s
- 1950s
- 1960s
- Development of the Ertsberg deposit
- 1970s
- 1980s
- 1990s
- 2000s
- 2010s
- Operations as of 2019
- Africa
- Europe
- North America
- South America
- Europe
- Indonesia
- Controversies
- Safety record
- Grasberg Mine, human rights and environment
- Environmental record
- Past holdings
- Sulphur mines
- Bryan Mound
- Hoskins Mound
- Grand Ecaille
- Garden Island Bay
- Grand Isle
- Minor Sulphur Mines
- Bay Ste. Elaine
- Nash
- Chacahoula
- Lake Pelto
- Metal mines
- Past board members
- References
- External links
Freeport-McMoRan Inc., often called Freeport, is an American mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona. The company is the world's largest producer of molybdenum, a major copper producer and operates the world's largest gold mine, the Grasberg mine in Papua, Indonesia.
It was founded 1912 by the son of a Swedish banker to develop sulfur mining along the US Gulf Coast concurrently with Freeport, Texas. In 1913, it incorporated as a vertically integrated holding company including numerous subsidiaries like gas and light, railroad, oil from Tampico, Mexico, and a refinery. After 1930, the company diversified by buying into manganese mines, nickel during World War II, potash and the Cuban American Manganese Corporationin the 1950s. Since 1967, the company has mined the Ertsberg deposit of gold and copper in the Grasberg mine, where since 2017 it has been holding a 49% interest. In the 1990s the Rio Tinto Group invested in Freeport and IMC Group acquired its fertilizer business.
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1912 establishments in TexasAmerican companies established in 1912Companies based in Phoenix, ArizonaCompanies listed on the New York Stock ExchangeCopper mining companies of the United StatesFreeport-McMoRanGold mining companies of the United StatesMining companies of the United StatesNon-renewable resource companies established in 1912Oil companies of the United StatesTax avoidance in the United States